Golf Courses & Country Clubs in the US
Over the five years to 2017, the Golf Courses and Country Clubs industry has struggled to make par due to waning interest in golf among all but its eldest target demographics. Overambitious development resulted in some course closures during the five-year period, but the industry's long-term challenges concern how it will broaden the sport's appeal to new players. Golf courses and clubs have particularly struggled to attract younger players, with many finding the clubs to be too conservative in respect to etiquette and the sport too difficult to learn. Nevertheless, the industry benefited from economic gains over the five years to 2017. The Golf Courses and Country Clubs industry is projected to record moderate growth over the five years to 2022 due to growth in corporate profit and disposable income.
This industry is primarily engaged in operating golf courses and country clubs that have dining and recreational facilities. These establishments typically provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or an extension of a private country club. This industry excludes golf driving ranges, miniature golf courses and resorts and hotels that have on-site golf courses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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